Mumbai: The public issue of PowerGrid Infrastructure Investment Trust, the first InvIT offering by a state-owned entity, garnered 10% subscription on Thursday, the first day of the issue.
The issue received bids for 4.32 crore equity shares against issue size of 42.54 crore shares, according to stock exchange data.
The portion of the share sale reserved for qualified institutional investors was subscribed just 3% one day one, while that reserved for non institutional investors was subscribed 20%.
Earlier on Wednesday, the PowerGrid InvIT raised nearly ₹3480 crore from anchor investors. It allotted units of the InvIT at ₹100 a share, the upper end of the price band for the public offer, to 47 institutional investors.
